Asian markets end higher on better than expected inflation data from China

09 Apr 2013 Evaluate

Asian markets ended mostly higher on Tuesday, encouraged by positive inflation data from China and a firm start to the US earnings season. Shanghai Composite ended higher, the first advance in five days, as inflation in the world’s second-largest economy eased more than forecast from a 10-month high. However, Japan’s Nikkei went home with red mark after several sessions of gains, on profit-taking as the yen edged up slightly after hitting multi-year lows. Meanwhile, South Korea’s Kospi closed higher but gains were limited by companies that do business in North Korea after the communist nation said it will suspend operations at a jointly run industrial complex.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	2,225.77	14.18	0.64
Hang Seng	21,870.34	152.29	0.70
Jakarta Composite	4,899.59	2.07	0.04
KLSE Composite	1,690.27	2.28	0.14
Nikkei 225	13,192.35	-0.24	-
Straits Times	3,296.57	11.96	0.36
KOSPI Composite	1,920.74	2.05	0.11
Taiwan Weighted	7,728.54	-24.25	-0.31

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